# Chapter 13 Portfolio Theory with Short Sales Constraints

Updated: May 14, 2021

This chapter is organized as follows. Section 13.2 describes the impact of short sales constraints, on risky assets, on efficient portfolios in the simplified two risk asset setting presented in Chapter 11. Section 13.3 discusses the computation of mean-variance efficient portfolios when there are short sales constraints in the general case of $$N$$ risky assets as described in Chapter 12. Section 13.5 gives a real-world application of the theory to asset allocation among Vanguard mutual funds.
suppressPackageStartupMessages(library(IntroCompFinR))
options(digits=3)